New trends are emerging the financial industry, the latest and greatest is social banking (aka Social Finance).  Social Banking involves peer to peer lending and social networking for the purpose of financial planning. Why is this trend taking off at staggering rates?  Money and spending are topics that weigh on customers minds every day.  People want to talk about it, with their friends & family and decreasingly so with their bank.

In this series of articles, Bankwid

Part One of our Social Finance Research: What do Social Banking Sites Offer, that Banks Are Not?

We want to offer good sound financial tools a...
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Banks report record losses (some may fail), the dollar is devalued and the Federal Reserve may offer another rate cut.

On the heels of the FDIC’s Quarterly Banking Profile Report for quarter 4 2007 the US Federal Reserve is considering another rate reduction, not to mention that the dollar has slumped to new lows in the Foreign Exhanges (FOREX).  Oh, did we mention that subprime was the word of the year for 2007?

Entrepreneurial hackers have created ways to expand their phishing attacks.  The targets, financial institutions AND aspiring internet scammers.  

A Moroccan group referring to itself as “Mr. Brain” is now offering free Phishing kits for download.  The software packages are extremely easy and quick to set up.  In minutes a web site pretending to be your bank is online and trying to trick people into divulging personal and financial information.  Th